Updated 10:20am PT on 5/15: I received letters from Barclays with the complete terms for all 3 targeted spending offers.
Good morning everyone, happy Friday. A few days ago, I called Barclays to request a downgrade from my Barclays Arrival Plus Credit Card to the no annual fee Barclays Arrival Credit Card. After the downgrade was completed, I asked the rep (I believe he was a customer relationship manager, or some similar title) if there were any targeted / spending offers available. To my surprise, there was an offer. To say I don’t put much spend on my Barclays credit cards would be an understatement – all 4 of my credit cards have $0 balances and haven’t had charges on them for a few months.
The rep said that my new Barclays Arrival Credit Card had the following offer: earn a $50 statement credit after spending $1,000 each month for the next 3 months. Since that was the only offer available, I accepted the offer, even though I have no intention on spending $3,000+ over 3 months to get a $50 statement credit ($50 / $3,000 = 1.67% bonus). I then asked if he could check my 3 other Barclays credit cards and see if there were any offers available. Who knows, if you don’t ask, they will never proactively tell you about your offers.